According to recent reports, the economic commission for Latin America has commented that Latin America and the Caribbean will grow by an average of 1.1% this year, thus the profit for Mexico is 2.2% and predicted that the economic expansion in The region will increase in 2018.

The projection is in accordance with the estimates of the International Monetary Fund, which in July reduced the expectation of growth by one tenth of a percentage point to 1%.

INCENTIVE OF PRIMARY MATERIALS

Cepal underscored the moderate recovery of the world economy, which would close 2017 with a growth of 2.7%, a rise in the volume of world trade (2.4%) and a higher level of commodity prices, which would average 12% higher than last year.

Regional Expansions

Brazil, the largest economy in the region, would register a slight expansion of 0.4% after the 3.2% drop last year. Its recovery is attributed to an expansion of external demand thanks to a record harvest of grains.

Bolivia also stood at the top of regional growth, with an expansion of 4% as well as Paraguay, which will grow to the same degree; However, the Dominican Republic, will register an expansion of 5.3

Chile will register an expansion of 1.4 percent,

Colombia will expand 2.1 percent,

Peru at 2.5 percent, Uruguay at 3 percent.

Argentina to increase by two percent after the 2.2% drop it presented in 2016.

Cepal said that with consumption and private investment there is still a low degree in the regional economy, this position will lead Panama, with growth of 5.6%.